today’s news for Thursday, January 10, 2019

Brought to you by:

College Ave Student Loans. College Ave Student Loans is a leading private loan provider offering a best-in-class online application where borrowers to build their own loan terms. Student loans are all we do, and we are committed to providing a simple, clear, and personalized customer experience for students, families, and schools.

NEWS FROM NASFAA

The Department of Education (ED) released guidance on the verification process on Wednesday that would decrease the burden on students, families, and financial aid administrators and ensure easier access to federal financial aid.

The article NASFAA published Wednesday morning on issues, stemming from the partial government shutdown, related to the processing of FAFSAs that require the Selective Service database matches has since been updated to include new information provided in an Electronic Announcement published mid-day Wednesday.

Increasing student loan debt is most commonly associated with a lack of college affordability. But in a new report published by the Manhattan Institute, researchers found that while borrowing increased across the board for students over a five-year period, college became slightly more affordable.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA’s popular Data Sharing Decision Tree has been updated to reflect legislative language in the final fiscal year (FY) 2019 spending bill that expands allowable sharing of FAFSA data. The legislation reaffirms and expands language in the FY 2018 spending bill that provided a legislative "fix," advocated for by NASFAA, to address a FAFSA data-sharing issue that had plagued students, financial aid administrators, scholarship providers, and other entities for over a year.